|Mkt.Cap||$ 44.49 M||Volume 24H||1.97 M GXS|
|Market share||0.01%||Total Supply||100 M GXS|
|Proof type||DPoS||Open||$ 0.64|
|Low||$ 0.63||High||$ 0.68|
GXChain ‘s Killer Protocol, which provides innovative solution for global data economy. : GXS
Finally, data is difficult, if not impossible, for individuals seeks to monetize and earn from it. They don’t know how the blockchain could be applied in this scenario to better their lives.
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Since you do not own your data, someone can sell you information and personal data without sharing profits. In addition, data is often scattered among multiple platforms, making it difficult to manage.
Two-way (sending and receiving) short codes:
Instead it appears to be in support of users and the decentralized marketplace. This type of mining will be based on Proof of Data (PoD) which is very excellent. GXChain bills itself as 'a blockchain for the global data economy, designed to build a trusted data internet of value'. Blockcity , the GXChain-based DApp, reportedly has more than 2M verified users and provides data for other DApps and strategic partners. GXChain launched a decentralized data marketplace which reportedly serves hundreds of Chinese enterprises.
I am confident that GXChain, due to its uniqueness and necessity, can become a successful and sought-after platform. Blockchain as a “trust machine” must be applied to all aspects of the human collaboration network. zhuliting has written 71.6% of this project’s code, followed by liukunyu (20%) and gxchain123 (3.8%).
Users are given incentives to authorize their identity and information. Blockcity is dedicated to protecting user privacy and does not cache user data. GXChain wants to be the data trading network that protects user privacy and offers copyright protection and usability at the same time. It has real-world applications in insurance, online lending, consumer loans and banks. This is a unique project because GXChain provides a way for users to acquire and manage their data by themselves.
As a consequence, GXChain eliminates some of the chief problems that affect traditional credit data organizations. Blockcity is a blockchain mobile app based on GXChain that assists users in taking control of their data with its applications in data management and sharing.
GXChain 24h Vol $ 7,259,194
GXChain based DApp-Blockcity has more than two million verified users and provides abundant data for other DApps and strategic partners. GXChain launched decentralized data marketplace as well which is serving hundreds of Chinese enterprises. GXChain team independently developed its main net and launched it in June 2017. Once a user spends GXShares on a specific feature, service, or application on GXChain, the utility tokens will be burnt, reducing the amount of GXS in circulation over time.
GXChain solves these pain points by obtaining user consent before collecting and storing user data on a blockchain. Access to user data on the blockchain is managed by a private key, securely generated and given to users, allowing them full control over their data. GXChain secures data with G-ID, an ID verification system to prevent tampering of data from other users. Access to user data is managed by a private key to ensure security.
It is available for purchasing with CNY (chinese yen), BTC and ETH. In contrast to the usual Proof of State model, where miners put of a stake in a cryptocurrency to validate transactions, GXChain offers delegate proof of state (DPoS). This model requires coin holders to vote for “delegates” (or witnesses) who are responsible for validating transactions and maintaining the blockchain. Witnesses are rewarded for generating blocks which are then added to the blockchain. With the proliferation of data on the internet, there are many pain points for individuals.
It does plan to develop the project further but has declined to publicly announce specific timelines for events. It recently announced the finalization of its GXChain developer platform, which will launch in June. It has also announced that its founder and CEO, Vincent Huang, has recently returned from his third invite to Alibaba, where he shared the “CBD” business model. To stay updated on their most recent accomplishments, you can check the website and subscribe to weekly development updates via their site or on Medium. The GXChain technology consists of three separate components for the different users of the system.
Proof of Data (PoD) is an innovative incentive mechanism to help users earn digital assets. Finally, user data is encrypted via private-public key pairs, enabling users full control over their data.
- GXChain prices are currently experiencing a change of 0.92 %, check all cryptocurrency.
- Get GXChain's progress by adding it to your favourites and creating a free portfolio if you wish.
- This model requires coin holders to vote for “delegates” (or witnesses) who are responsible for validating transactions and maintaining the blockchain.
- Once a user spends GXShares on a specific feature, service, or application on GXChain, the utility tokens will be burnt, reducing the amount of GXS in circulation over time.
- GXChain’s marketplace commercialized in September and has since brought in over $7 million in revenue.
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GXChain is a public blockchain that supports that issuance of digital currencies and application development. Essentially, it allows developers to build their own decentralized and distributed applications with access to the platform. The goal of GXChain is to build a trustworthy and multi-functional data exchange network that enables the flow and exchange of data from many aspects of our lives. Today GXChain price in US dollars is currently 0.5240 USD, and if converted to Bitcoin is 0.
GXChain prices are currently experiencing a change of 0.92 %, check all cryptocurrency. Over the past 24 hours 0.073 M US dollars GXChain has been traded on Crypto Exchanges. Get GXChain's progress by adding it to your favourites and creating a free portfolio if you wish. Benefiting from DPoS based Graphene underlying architecture, GXChain possesses functions including G-ID, GVM, BaaS and Blockcity, which are convenient for application development.
Based on decentralization, cryptography, and smart token design, GXChain provides a leading solution for the data economy by developing multiple trusted data modules. Data uploading, storage, computation, and exchange has been gradually realized with many commercialized applications. GXChain is a fundamental blockchain for the global data economy, designed to build a trusted data internet of value.
It is known as a “CBD” model, which stands for Customer, Business and Developer. The GXChain team is led by Minqiang Huang, who has over 10 years of experience in data exchange, financial technology, and the blockchain. Previously, he was CTO at Hakim Unique Internet Co Ltd, a company engaged in intelligent internet, entertainment media and innovative finance industries. He has a bachelors in computer science from Shandong University of Science and Technology and a masters in management at Hong Kong Finance and Economics College. Powered by 15+ exchange rate data sources, the Fixer API is capable of delivering real-time exchange rate data for 170 world currencies.
The API comes with multiple endpoints, each serving a different use case. Throughout this documentation you will learn about API structure, methods, potential errors and code examples.
In the GXChain whitepaper, it was explained that GXChain brought a solution for data validation efficiency” and unleash the vitality of data business while protecting data privacy. Of course, the GXChain platform is beyond competition, as it offers solutions to problems related to receiving and storing information, even on an industrial scale. The description of the operation of the computational TCP protocol clearly shows the whole serious approach to this process.
GXChain reached its highest price on 7 January, 2018, when it was trading at its all-time high of $ 11.24. A decentralized data marketplace has many advantages, including uncached data, privacy protection, fraud prevention and bilateral anonymity support. Current real-life applications for this type of data marketplace include industries like fintech, loans, P2P lending, governments, insurance companies, healthcare and logistics. GXChain’s marketplace commercialized in September and has since brought in over $7 million in revenue.
GitHub is home to over 40 million developers working together to host and review code, manage projects, and build software together. Chainbits™ is an education and news platform for all things blockchain, decentralized currencies, applications, next gen finances and how they affect our society. GXS can be stored on a number of online wallets that support various desktop, online and mobile applications, including a Windows, MAC, Linux, Android, IoS and Github. OEX.com is the main option for purchasing GXS, as well as the exchange where it has the highest volume of trading.
GXChain (GXS) is a Chinese-based data exchange platform that has its own blockchain. It’s billed as a citizen credit data service, one which enables consumer data trading whilst maintaining individuals’ privacy. The GXS blockchain has been connected to data sources such as those provided by telecom carriers and UnionPay as well as tax authorities and social security departments. Because the platform facilitates P2P transfers, there is no centralized store of consumer data.